Ph: 0422 311 350

Tax Tips

On 14 May 2013, the government announced that the 2013–14 budget will phase out the Net Medical Expense Tax Offset (“NMETO”), with it being phased out completely in July 2019. That may seem a long way off, but there was a 'catch'.

In a recent post we advised that all investors get a depreciation schedule for their investment properties to maximise their deductions. But did you know you that if you are a co-owner in an investment property you can get even further tax benefits by splitting the depreciation schedule according to the proportion of ownership before working out the deductions?

We have compiled a summary of the impacts of the 2014 Federal Budget. If you want to minimise your tax obligations or learn more about the budget then make an appointment today.

Without a quantity survey report you simply cannot maximise your tax deductions each year!

The ATO’s 5% bonus for HELP debt repayment will be abolished by 31 December 2013.


Our office

Phone
0422 311 350

Email

Address
3/2a Martin Place
Mortdale NSW 2223

Facebook
TaxGoAccountants

Do you need taxation advice?

Contact TaxGo
Name (*) Please type your name.
Contact Number (*) Please enter a contact number.
Email  Please enter a valid email address.
Enquiry  Please leave a brief message and let us know the best time to contact you You can only enter alphanumeric and these characters: !.?$:.
Spam  Invalid Input
Spam